Venkatesh is a young farmer who belongs to Yadagir district of Karnataka. Agriculture is the main source of income for his family of three for over six years. He plans to continue farming in the upcoming season despite the pandemic, so needs some financial support from Rang De. He will use the credit to purchase seeds and fertilizers and pay for the labour. He hopes for a good season to be able to support his family well. Invest in Venkatesh now!
Venkatesh is an agripreneur who works 8 hours a day for 6 days a week. With this loan Venkatesh will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Venkatesh has consented to pay the interest as below:
Investee
pays
5.00% flat p.a.
9.00% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
3.00%
5.40% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 10,000
Loan
tenure
8 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
Established in
2002
With Rang De from
2020
Founded by
Raghunathan Narayanan
Vrutti is a centre for sustainable livelihoods enhancing people’s well-being through knowledge, innovation and transformative actions. They work through an ecosystem approach integrating and delivering services that empower small producers and marginalized grow their way out of poverty and uncertainty and to be 3 times more profitable.
Share Venkatesh's profile
Invite your family and friends to view Venkatesh's profile on Rang De
